Loan Underwriter Salary in Chicago, Illinois

Loan Underwriter Salary in Chicago, IL

How much does a Loan Underwriter make in Chicago, IL?

As of April 01, 2025, the average annual salary for a Loan Underwriter in Chicago, IL is $63,921. Salary.com reports that pay typically ranges from $57,722 to $68,417, with most professionals earning between $52,079 and $72,511.

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Loan Underwriter Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Underwriter Salary $52,079 Chicago,IL April 01, 2025
25th Percentile Loan Underwriter Salary $57,722 Chicago,IL April 01, 2025
50th Percentile Loan Underwriter Salary $63,921 Chicago,IL April 01, 2025
75th Percentile Loan Underwriter Salary $68,417 Chicago,IL April 01, 2025
90th Percentile Loan Underwriter Salary $72,511 Chicago,IL April 01, 2025
25% $57,722 10% $52,079 90% $72,511 75% $68,417 $63,921 50%(Median) Didn’t find job title? Click
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Loan Underwriter

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Job Openings for Loan Underwriter in Chicago, IL

Career Path for this job

  1. This Job:

    Loan Underwriter

    0 - 2 years experience
    Bachelor's Degree

  2. Up a level:

    Mortgage Underwriter II

    2 - 4 years experience
    Bachelor's Degree

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Understand the total compensation opportunity for a Loan Underwriter, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
57722
68417
63921

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
57722
68417
63921
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Underwriter in Chicago, IL. The base salary for Loan Underwriter ranges from $57,722 to $68,417 with the average base salary of $63,921. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $57,722 to $68,417 with the average total cash compensation of $63,921.

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57722
68417

 

About Chicago, Illinois    Chicago (/ʃɪˈkɑːɡoʊ/ (listen), locally also /-ˈkɔː-/), officially the City of Chicago, is the most populous city in Illinois, as well as the third mos....More

Chicago, Illinois  area prices were up 0.8% from a year ago

Loan Underwriter Salary in popular cities: Aurora, Rockford, Joliet

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Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role

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